Post Utme Osustech 2021 Accounting Question 28

Practice objective / multiple choice question 28 from the 2021 Post Utme Osustech Accounting examination.

Post Utme Osustech 2021 Accounting Objective / Multiple Choice
Question 28 POST_UTME_OSUSTECH • 2021 • ACCOUNTING • objective

A company's balance sheet shows the following: Cash ₦1,000,000, Accounts Receivable ₦2,000,000, Inventory ₦3,000,000, and Total Assets ₦6,000,000. If the company's total liabilities are ₦4,000,000 and its total equity is ₦2,000,000, what is the company's current ratio?

Answer Options

A. 1.5
Correct Answer B. 2.0
C. 2.5
D. 3.0
Correct Answer
B
Correct Option:
2.0

About This Question

This is Post Utme Osustech 2021 Accounting Question 28. It is one of the objective questions from the 2021 Post Utme Osustech Accounting examination.

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